Some look forward to retirement as a time to relax, free of the responsibilities of work. And while this might be enjoyable at first, some retirees might eventually feel that a lack of purpose and social connections does not make for the best possible retirement. Rather than just retiring from something, it can be a good idea [...]
Long after the restaurants and hotels are open again, the economic impact of the COVID-19 pandemic will still be felt by many individuals and the country. During this time of widespread unemployment, less is collected in payroll taxes that fund Social Security, while emergency federal spending has increased significantly. Here are potential far-reaching effects of [...]
No matter what your current age or financial position, it’s always a good idea to revisit your overall retirement plan, review your goals, investments, and budget for the future. Also, while you’re at it, you might as well try and find some new ways to help reduce your expenses in retirement. We welcome you to [...]
Life is unpredictable, but that’s no reason not to have an emergency plan. This is especially important in retirement, when you must replace your paycheck and decide how to use your savings. Your retirement could be decades long, and there could be market downturns or personal hardships during that time. Here are three tools to [...]
The warm weather is here, and that means it’s time to garden! Of course, not everyone has a garden – gardening can be too time-consuming for people who work full-time or travel frequently. But, one of the things to love about retirement – and quarantining – is having more free time to relax and adopt [...]
As the coronavirus spread, the government stepped in with unprecedented economic interventions, from direct payments to Americans, to relief for businesses. While these measures may be necessary to mitigate the damage done by the virus and the economic shutdown, they’ve also resulted in a ballooning of the national deficit.[1] U.S. government debt could soon rise [...]
Inside each of us lives some form of competitive spirit. Whether you are a “go for the throat” type of competitor or take a more passive approach, we all like to win. It’s not in our nature to enjoy losing; it’s probably some type of primal response left over from the caveman days. Whether you’re [...]
Whether you’re approaching, transitioning into, or already in retirement, it’s crucial that you develop a plan to protect your hard-earned savings. According to a recent retirement survey by the Insured Retirement Institute, 41% of Baby Boomer participants stated “monthly guaranteed income” as the #1 or #2 most important trait for their retirement investments. Having a solid [...]
Bill Gates once said “technology is just a tool.” He was right, but maybe even he didn’t see just how effective that tool was going to be. Sometimes it feels like modern technology has transformed everything, to the point where the world you grew up in has nothing in common with the world today. These [...]